First Trust Direct Indexing L.P. Sells 645 Shares of H World Group Limited (NASDAQ:HTHT)

First Trust Direct Indexing L.P. lowered its holdings in shares of H World Group Limited (NASDAQ:HTHT) by 7.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,257 shares of the company’s stock after selling 645 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in H World Group were worth $276,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its stake in H World Group by 1.5% in the 4th quarter. Victory Capital Management Inc. now owns 931,431 shares of the company’s stock worth $31,147,000 after purchasing an additional 13,466 shares during the period. New York State Common Retirement Fund boosted its holdings in H World Group by 6.7% in the fourth quarter. New York State Common Retirement Fund now owns 597,681 shares of the company’s stock worth $19,986,000 after purchasing an additional 37,766 shares during the last quarter. AIA Group Ltd raised its holdings in H World Group by 5.8% in the 4th quarter. AIA Group Ltd now owns 285,062 shares of the company’s stock worth $9,532,000 after purchasing an additional 15,502 shares during the period. Federated Hermes Inc. lifted its stake in H World Group by 20.7% in the 4th quarter. Federated Hermes Inc. now owns 2,229,079 shares of the company’s stock worth $74,540,000 after purchasing an additional 382,538 shares in the last quarter. Finally, NewEdge Wealth LLC bought a new stake in shares of H World Group in the 4th quarter worth about $221,000. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Macquarie started coverage on shares of H World Group in a research note on Friday, April 19th. They issued an “outperform” rating and a $48.00 price objective for the company. Benchmark reissued a “buy” rating and set a $64.00 price objective on shares of H World Group in a report on Friday, March 22nd. Bank of America dropped their target price on H World Group from $51.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, March 13th. JPMorgan Chase & Co. boosted their target price on shares of H World Group from $40.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Finally, CLSA initiated coverage on shares of H World Group in a research note on Friday, April 26th. They set a “buy” rating and a $47.00 price objective for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.40.

H World Group Stock Down 1.9 %

Shares of HTHT stock opened at $40.17 on Wednesday. H World Group Limited has a twelve month low of $30.20 and a twelve month high of $48.84. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $38.33 and a 200 day moving average of $35.93. The stock has a market cap of $13.12 billion, a P/E ratio of 22.82, a P/E/G ratio of 1.36 and a beta of 0.93.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $786.00 million for the quarter, compared to analyst estimates of $759.99 million. H World Group had a return on equity of 31.50% and a net margin of 18.62%. As a group, sell-side analysts expect that H World Group Limited will post 1.94 EPS for the current year.

About H World Group

H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.